Crypto's Biggest Lies Debunked

[@wallstreetmillennial]

Go to ground.news/wsm to stay ahead of the algorithm for breaking news stories about finance and market insights. Sign up through my link to get 40% off for unlimited access on the Vantage plan.

[@jaehparrk]

you are gary gensler

[@MrMadvillan]

Ca’mon man, “the democrat party” is why the freaks at fox new call it. be normal.

[@jai-kk5uu]

@@wallstreetmillennial 15:25 I don't get why would you need a retina scanned everytime? The orb hashed your retina. And you got a unique account. Now you can't get another so any account connected to world coin is a unique human. So why would you need to have it scanned again?

[@girldaddividendinvestor]

​@@jaehparrk u r bot

[@LizardSpork]

Our economy has become one that values quick fraud over sustained productivity. This is so depressing.

[@bignick3303]

Yup! Nobody wants to work for their money anymore

[@w__a__l__e]

we are in the golden age of fraud.. but its the same mechanism as helth insurance companies trying to make as much money as possible by denying legit claims.. its make as much money as possible and fuck the other guy.. this is not sustainable.. when it blows up its gonna be hilarious..

[@harmhoeks5996]

Carvana selling crappy cars for peak dollar. 😂 50 billion worth company.

[@aaronhpa]

Rich people either scam you or outright rob you at gunpoint, but they need that bigger yatch nomatter what.

[@who2u333]

It is becoming increasing clear that an 'honest buck' is simply no longer enough.

[@stonersgym8120]

Andreessen & Horowitz crack me up. They both talk non-stop, throwing all the web 3.0, blockchain, AI buzzwords out there. Yet, you listen the entire time and think, I have no idea what point they were trying to make. Complete nonsensical, incoherent BS

[@Kujiranoai]

They lost me when I saw Horrowitz’ socks on the first video.

[@ILoveTinfoilHats]

I don't think they even understand what crypto actually is. The words they speak are valid sentences but completely incoherent in context

[@phonkphonk]

people eat it up

[@davidtydeman1434]

You are correct. Remember that Andressen Horowitz win when the startup goes public. If the company is legitimate that is great but often a listing is the opportunity to sell your company to unsophisticated investors ie the public

[@MegaJuniorJones]

Old bums

[@AceKingDiamonds]

You're one of the very few channels where I feel it's not just me going insane. It must feel as if you're talking to a wall most of the time, but I can assure you you're not. Thanks for your work so far and keep it up

[@roseoverdose6451]

you're a wall though.

[@amg2022]

I feel ya man, and agree. I worked in investment stuff for a while and the majority of people there think it’s garbage. A few are into it but it fundamentally goes against a ton of principle’s & fiduciary duties.

[@NDnf84]

Nah he's a bitter hater.

[@benharris3100]

Amen

[@texchu8331]

Somehow the same scam keeps working over and over again though. At this point, if you want to invest in crypto, you can just buy bitcoin/ethereum etfs. Yet people keep going for whatever the newest shady coin is!

[@thomasbohl6924]

In 2010 the Supreme Court ruled that corporations are allowed to donate unlimited amounts to politicians. That was the start of the end of democracy.

[@answerman9933]

When was there democracy before this time? Do you know what a democracy is? It certainly has never existed at a national level, regardless of what people may say.

[@WaryofExtremes]

'corporations are people' , 'money is free speech'

[@nicomal]

No, it wasn't. It was the opposite. Limiting money is limiting speech. You just don't like what the corporations say, which is ironic because corporations are what make economies thrive. The best countries in the world have the most economic freedom.

[@Tokmurok]

@@nicomalallowing bribery is freedom? 😂

[@occamraiser]

Only democracy in America (and now in Ukraine because russia bought the election for trump)

[@dennisd9554]

Trump in 2021: "Crypto is a scam." Trump in 2024: "How do I get in on this scam?"

[@middleagebrotips3454]

2025 let's change the law to make fiat money even more fiat, didn't even know we can do that.

[@calvinandsnobs]

hearing rich people say "poor people" got me feelin like a Mario Bro

[@Exigentable]

@@bacool the blood red one.

[@MrMadvillan]

@@Exigentablelol no bro the green one who goes to the park after 😅 ca mon bruddah

[@plodiN3]

I think I hears someone's 3D printer starting up

[@malnaai6467]

Innovations in financial crimes. thats the innovation that regulation was holding back.

[@TGWazoo1]

It wasn’t doing a very good job.

[@graysmith9218]

Paying people in poverty 50$ for their rentinal scan is so dystopic.

[@nanostar6138]

“Look, they love using our tech”

[@Seriouspatt]

Sam Altman and Andreessen are not taking scans of any part of my body. They basically pay people of Buenos Aires/Argentina 1.500 USD to scan their eyes.

[@ablamill8357]

It's as bad as it looks.

[@BaadMotorFinger]

Sam Altman, the guy behind chat gpt. He's as shady of a character as you can get

[@Jonteponte71]

I couldn't believe this was even legal in a poor country. Turns out it wasn't. Of course.

[@yarosperdp962]

Billionaire telling you how the internet it's too centralized 😅

[@imnotusingmyrealname4566]

Fun fact: wealth in crypto is even more concentrated than in the real world

[@Jonteponte71]

@@imnotusingmyrealname4566 I believe 2% of addresses own 75% of the available coins. That should tell you everything you need to know about this "decentralized currency".

[@shinyemptyhead]

5:20 This is not a description of the blockchain. This is a description of peer-to-peer networking, which we've had since the 2000s.

[@jfraklin]

Their goal isn’t to fool people that know what they’re talking about, their goal is to get money from people that hear this and think “well he’s a billionaire and sounds smart”. They want dumb money.

[@aryaastark9201]

Actually since the 90s. I was using Napster in 99

[@michaelmoorrees3585]

@@aryaastark9201 - It was opened up to the general public, and allowed to be commercialized, by law, in 1992. The Internet, even before, when it was only used by the government and research institutions, it was still peer to peer. That was the initial goal from the beginning, in the late 1960s.

[@chickensoupfordinner]

@@aryaastark9201I was just thinking it sounded like Napster or Limewire

[@Fernando-ek8jp]

Exactly. I have yet to hear an argument for the blockchain that is not doable through existing technology.

[@spidertao]

I have a crypto bro friend and ultimately he said crypto is “real” in the sense you can actually get rich. As long as you sell when it’s high. People are not investing cuz they believe in crypto. It’s just a digital asset that you bet on. It’s not a currency anymore. Just digital gold. That wastes money and electricity on every transaction. It literally has a net negative effect on the world.

[@christopherfoley4355]

Most bitcoin maxis are not trying to sell ever

[@christopherfoley4355]

Also, by that logic, wouldn’t gold also have a net negative effect on the world? Mining gold isn’t exactly easy.

[@phoneywheeze]

different cryptos for different use cases. people use onchain usd representation like usdt and usdc for liquid currency like trading

[@ILoveTinfoilHats]

​@@christopherfoley4355 I always say this exact same thing and I have yet to receive a coherent response. Before electronics, gold was technologically useless as well.

[@theindividualinvestor1]

​@@christopherfoley4355not yet. Eventually they will

[@antondovydaitis2261]

Think of the Block Chain as a giant conveyor belt for moving wealth from suckers to thieves and their patrons.

[@LearnAboutFlow]

And the #1 argument for it was it couldn't be hacked. Lo and behold, many have been hacked.

[@Jonteponte71]

Crypto is the grift of the century. There are two reasons Donald Trump suddenly started talking positively about it: 1) He got hundreds of millions in campaign contributions from cryptobros. 2) He is one of the most prolific grifters the world has ever seen himself. They simply told him how much money he can potentially make and he is now 100% in.

[@maryhadda8420]

I agree with Charlie Munger about the craptocurrency craze: "It's like you see other people trading turds, and you don't want to be left out."

[@Facepalm-Guy]

Only in Modern America can institutional corruption be so on your face. This rivals corruption in third world countries.

[@MegaJuniorJones]

It’s called legalized corruption

[@MustraOrdo]

@@MegaJuniorJones This obsession with legal boundaries will be the doom of these immoral corporations.

[@jamesodell3064]

What do you mean their real world utility is non-existent? Drug dealers and scammers need crypto to move their ill-gotten gain around the world without pesky investigators looking at their transactions. Great video!

[@kemingyu4266]

1% of Bitcoin is used for that. More than 2% of USD is used for that too.

[@Johnnodonoughue]

That's cash mate 🤣

[@danielj6824]

Bitcoin is less private than even a debit card. Every tx is broadcast to the internet for anyone to see forever. Cash is how 99% of criminals do business.

[@NDnf84]

Poor boy

[@devinward461]

​@@kemingyu4266 Bitcoin isn't great for those activities because transaction history is publicly visible. For business models that the government disapproves of, Monero is the better option

[@BitcoinReactions]

If it's being peddled by Andreesen Horowitz, then you can almost guarantee it's a pump & dump.

[@brandodurham]

Crypto idiocy has no bounds

[@incognito13567]

Cry more baby...meanwhile we the crypto bros are going to the moon. We'll wait for u dumb money's to buy our bags :)))

[@Johnnodonoughue]

Stick to your government issued currency 🤣👌🏻

[@finchbevdale2069]

It's not idiocy...these shysters aren't stupid and know exactly what scams they're pulling

[@drscopeify]

@@Johnnodonoughue At least the government issued currancy is backed by the population going to work day in and day out.

[@nanostar6138]

@@Johnnodonoughue I somewhat agree with your sentiment, yes you would be silly to hold cash as savings, but wise to invest in a stock/shares. If bitcoin is a store of value compared to some of the alts that have utility and are being used for trading, is bitcoin more like investing in a form of art more than a currency as this point?

[@alistercaddy1208]

5:41 Ever notice how these people say they care about "the community" yet their actions only benefit themselves? It's almost like they're pissing down your back and telling you it's raining.

[@TraversNoodin]

I totally agree with what you are saying, I started crypto in August 2017, and I bought in. I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 4 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I have learned from youtubers and other expect traders especially my mentor Antonio Devon, who taught me how to make trade and increase my crypto from 3 to 8.3 btc no one really knows what is going to happen and I know you are only saying what you think will happen based on the past. It is yours and my opinion so people should make their own investment choices based on their own research.

[@TraversNoodin]

He mostly interacts on Telegrams, using the user-name,

[@TraversNoodin]

@Antoniodevon⭐

[@SkylerQuanah]

On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand..

[@DawnDiamondHarlow]

Met Mr Antonio for the first time at a conference in Manchester, traded with portfolio of £55k and traded in 3 month making close to £450k

[@NélidaOscar-x5i]

@@TraversNoodin Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

[@xiaoka]

If only the US could be more like Buenos Aires! Said no one ever. 😂

[@shink9844]

Going to third world counties and giving them crypto to be able to scan their retinas so they can train AI to recognize people is the cheesiest prequel story to your standard dystopian universe. But the funny thing is that it’s actually happening.

[@amg2022]

I miss when investors valued “durable profitability”.

[@tonyhuang.]

Warren Buffet and Berkshire Hathaway would like to have a word

[@bkayser05]

4 ad sense ads in this video, 2 were for Bitcoin companies. Says a lot about how KZbin is helping push it as well, but I appreciate the channel talking sense over the BS crypto market.

[@amarug]

I hate cryptos. To satisfy my FOMO I hold some amount of some coins. But to put it bluntly: I would happily see my whole crypto wallet go to zero, to see them all vanish. They have caused so much harm and loss to people who were already unfortunate to start with.

[@jackoalltrades5510]

The last phrase is everything. I'm a tech entrepreneur with proven POCs that is struggling to get funded because the capital is tied up in crypto.

[@MegaJuniorJones]

People of color ?

[@andrewmalone8709]

@@MegaJuniorJones People of crypto, imo

[@Nubian_King_RNM]

I guess FTX wasn't a big enough lesson on the uselessness of crypto currencies.

[@JJ-zr6fu]

I guess you don’t understand what they stilly did

[@TheGamingCanadian]

Seems like you don't understand the differences between trading platforms and blockchains, maybe learn something before you criticize it

[@federikus2928]

Back in 2007 nobody understood what the hell derivatives were, same now with crypto, it will be the next financial disaster

[@Joe-ti7qd]

Quite possibly so.

[@EdwinSteiner]

I don't understand why they would have made an exception for Bitcoin. It is just a bigger pyramid and therefore longer-lived, but it's a scam like the others and not a currency at all.

[@Johnnodonoughue]

You don't understand Bitcoin.

[@shadowninja6689]

Agreed, the logic is basically "well it's had more time to establish itself as a scam token traded illegally like a commodity before we started cracking down on scam tokens being traded illegally like a commodity". That's like saying a bank robber should be able to keep their stolen money because the police weren't concerned about catching bank robbers at the time they robbed the bank.

[@ASTR0TALKSPHILOSOPHY]

Every crypto bro excuse ever.​@@Johnnodonoughue

[@lupercal78]

Because it's been to the Supreme Court already that Bitcoin (and bitcoin only) cannot be regulated as a security. All the other cryptos haven't had the kind of legal power that Bitcoin does.

[@Robert-un3cf]

​@@shadowninja6689bitcoins origin was quite different from all others with VC money and insiders enriching themselves. Also what about trading it is illegal? Tf..?

[@carloa877]

Giving up your privacy for fake currency? This is just evil.

[@louprado8319]

Imagine all those poor people who have nothing, opening their wallet and seeing it 10X'ed when/if it ever gets listed on Coinbase. It would be a transfer of wealth from the insufferable US crypto bros to the poorest in the world. I wish it would get more positive press. It's ERC20 too so no wasted energy from POW.

[@Bal4833]

I have Warren Buffet’s view of gold (doesn’t produce anything or provide a service) applied to crypto.

[@marekkedzierski8237]

How exactly has obvious scam turned into an industry?

[@davidgray5320]

Greed, unsophisticated investors, payments for illegal products/services, avoid sanctions.

[@MustraOrdo]

@@davidgray5320 Don't forget about the gullible masses/consumers (most of them eligible to vote mind you)

[@obsideon1343]

Digital Tulips

[@cweaver4080]

Wherever there's a grift, you will find Trump. And Musk.

[@williamtolon6464]

I like this video , I also agree that crypto is a grift . Thank you you tube for making this video available to the public .

[@who2u333]

Marc (and perhaps his partner) is an excellent example of a billionaire who believes that poor people owe them more.

[@Scifiwriting41]

At this point, if you’re still falling for cryptos, I’ve got a bridge I wanna sell you…

[@TheHeretiCan]

try me :D i believe in cryptos. what better asset u got other than real estate and food?

[@MegaJuniorJones]

Where is the bridge

[@BaybieK]

​@@TheHeretiCanwhat better assets are there? I can eat food and live in real estate.

[@WaryofExtremes]

I've got an nft that leads to a pic of a bridge I want to sell you.

[@timjordanLA]

I’m glad I have you to remind me the absurdity of crypto and that it’s all based on nothing.

[@mandroid5678]

This should be required viewing for all US citizens.

[@TheGamingCanadian]

Not really, he puts Bitcoin and NFT's and DeFI in the same point in the end which makes it seem like it's the same thing even though they aren't.

[@jerrywright9657]

Organizes and puts into words the misgivings I've had when listening to crypto pitches. Always felt that something was off but didn't have time to sit down and do a rigorous analysis of something I had not intention of buying.

[@sertorius3319]

The Buenos Aires thing is like that Hawk Tuah coin guy ranting to Coffeezilla about setting up a foundation in the Cayman Islands.

[@trayvordemonslayer]

The Internet was great because we can use it to improve every aspect of our lives. Only then did the "decentralization" matter. It had to be useful first.

[@samplastik13]

On crypto i agree with Buffett, anyone else here think the same?

[@Johnnodonoughue]

In 20 years buffet will have 0 money. He'll figure btc out soon enough.

[@w__a__l__e]

@@Johnnodonoughue that's pretty accurate as he will likely be dead.. i dont think he will figure out btc either as he will be dead.. but i agree with him i think its worthless until you can sell it..

[@Richard.Aubourg]

Oh another crypto idiot I see. You're probably the kind of guy who would have brought beanie babies in the 90s.​@@Johnnodonoughue

[@mikestanmore2614]

​​Buffet owns assets, he uses dollars to buy assets - businesses like farms and chocolate factories. The currency is irrelevant, Berkshire Hathaway will *never* go broke because it's wealth is not in dollars, but in the things it owns.

[@123JWheezy]

@@w__a__l__ebut, you can sell it, 24/7 there are markets and people willing to buy it across the globe. So, based on what you just said, is it worthless?

[@andyt1313]

The more I learn about crypto the less I understand it.

[@BuckNaked2k]

Haha! Me too.

[@donragnar8430]

All these bald Lex Luthercels hijacking crypto

[@andrewjpalla]

Those guys are so good at faking what they're talking about. Just shows that grifters are going to grift - no matter how much money they already have.

[@GroovyVideo2]

Real world innovation of turning UR money into theirs

[@daltonalbertin137]

Keep spreading awareness!! Appreciate this content and your channel!

[@Kahunacatto]

Theres a timeline where Chairman Gensler and Chairman Khan were allowed to continue. And America had new golden era of innovation.

[@0x_cromosomes]

Every that is not Bitcoin is a scam. Stop "Investing in crypto", start "Saving in Bitcoin"

[@shadowninja6689]

No even Bitcoin is a scam token to. If the entire world decided they didn't want to own Google and sold you all their shares for pennies you'd soon be one of the richest people in the world just by paying yourself a dividend of half the profits they make each year. Whereas if the entire world sold you all their Bitcoins for mere pennies you'd have nothing but a bunch worthless scam tokens and a giant spreadsheet that shows you were the last fool willing to pay for the worthless tokens that generate no income or interest/dividends.

[@marinoceccotti9155]

How can one trust Ben Horowitz? Just look at his socks.

[@veryinterestingwow]

Ugh tired of seeing humpty dumpty

[@deathlarsen7502]

lol good one! totally humpty dumpty

[@ConnorThompson4]

altcoins go to zero against Bitcoin

[@Johnnodonoughue]

Everything goes to zero to bitcoin. Maybe except the Monalisa.

[@TheHeretiCan]

disagreed. bitcoin is a different monster now. altcoins have more utility. bitcoin has more security and stability. you cant develop apps for bitcoin blockchain. security comes with price. So if you want your internet decentralized and democratized(this one debatable we know but still best shot we have) you need altcoins and efficient blockchains.

[@nanostar6138]

Bitcoin is like investing in a form of digital art at this point, it may always hold value due to its history and reverence but not for it utility against other alts

[@TheHeretiCan]

@@nanostar6138 disagreed. Bitcoin uses proof of work mechanism thats why its more secure but heavy and low utility. That security is its most important utility.

[@samsonsoturian6013]

Ha! The politicians totally took their money and gave them nothing

[@incognito13567]

Lil bro...Blackrock and states from USA and around the world are buying Bitcoin. We will wait for you dumb money to buy our bags as always :D

[@deathlarsen7502]

good call!

[@samsonsoturian6013]

@deathlarsen7502 it's predictable because only greedy bastards think donations are bribes

[@paulblack8887]

A dark chapter opens for American history.

[@Nut_Kun]

Phew, happy to know that there is a channel that speaks something sensible.

[@therealagent4764]

Just to clarify: you won't need to scan your iris every time you want to verify yourself. As long as you have scanned and have the wallet, you can use it to transact (which includes signing up to services)

[@brianlemberger5022]

Great content, as always.

[@Planetside223]

Rich people politically support the best interest of themselves and don’t bother to think about anybody else? I’m shocked. Shocked! Well, not that shocked..

[@ulfcarlstrom6684]

20:40 There is a real world utiliy for crypto currencies and that is to provide payment facility for criminals and criminal regimes (e.g. NC). This utility could be a part of what upholds the value of crypto currencies.

[@MegaJuniorJones]

Ya… except the public blockchain

[@JsznznSnsnz]

​@@MegaJuniorJones mix it.

[@TheSateef]

hosting videos and music on millions of users computers isn't new, its bit torrent and napster

[@MegaJuniorJones]

You underestimate the size of KZbin. They likely are in the 2 exabyte range.

[@FrequencyModulator]

That's an amazing video. Thank you.

[@mattmmilli8287]

They all know it’s a casino and no real world value 🥱 old news

[@TheHeretiCan]

how is it any different from stockmarket man, or buying something to sell thinking it will appretiate over time. from risktaking standpoint, if you think that deep, every step you take is a gamble. deep man. really deep.

[@mattmmilli8287]

@ cause companies exist in the real world. You can certainly approach stock markets like a casino though. Or take the more Buffet approach and judge companies on their fundamentals

[@TheHeretiCan]

@ you can approach this market exactly the same way. Do your research, pick layer1's and 2's you thnk has future and invest on them. Or pick small market initiatives, gamble on them, win big or lose big.

[@rsvpurgt]

Crypto companies also exist in the real world.

[@MacDontStop876]

Got my retina scanned today… 🤯 Eye exam, no crypto

[@TheZackofSpades]

The ‘crypto beats inflation’ arg isn’t merely dumb…it’s insidious. “I’m immune from inflation because I’m a rich bastard and you’re not so just let me scam a few more mil off your pathetic life with this token”

[@lafawarz4990]

Your videos are always so well made. I love how you can turn a potentially confusing and esoteric concept into one that everyone can understand.

[@TheGamingCanadian]

Not really, he puts Bitcoin and NFT's and DeFI in the same point in the end which makes it seem like it's the same thing even though they aren't.

[@dennisd9554]

I appreciate not just the detailed info but the heavy dose of skepticism toward everything.

[@333jjjjjj]

Great video. Concise, to the point, and without subjecting us to an Andreesen lecture which I was almost sure we would get. As for Trump, he's purely transactional. He was against crypto and TikTok until the people backing those gave him a pile of money.

[@jamesdean1143]

Would you trust a guy named Horowitz ? I wouldn’t.

[@ariariari7138]

Hearing Andreessen talk about crypto is so sad. It's like someone making a bunch of valid points about how the stock market and general management of the economy benefits the wealthy at the expense of everyone else, that the statistics used in economic decision making ignore the actual human impact in favor of stock prices and arbitrary metrics of growth, and their overall point turns out to be "and that's why we should legalize and deregulate sports gambling"

[@llyrghmnghyll]

What if " A database of serial numbers in imaginary locators", but with less info, or data processing capacity at massively and increasingly higher transaction costs. Also once you make the system no one can mess with it so that the first time there's an issue you have to scrap the whole thing. Surely a multi trillion dollar idea.

[@girldaddividendinvestor]

Thank you for this. 🎉

[@KBIZWORLD]

Great time to revisit your video on the BTC ETF and see how well that aged 😂😂😂

[@cameronlockard5935]

LOL! I found 2 videos (including 1 that for some reason felt compelled to declare the ETFs to be a flop after just less than 2 weeks of initially modest success). It's hard not to feel embarrassed for each of these videos.

[@ZorroComputers]

He basically wants to take everything we have now and stick a blockchain in it. We do not need to do that.

[@mafrali2k]

Excellent report on the lies of the cryptofrauds.

[@clarklowe5632]

Modern day robber barons.

[@amg2022]

Crypto itself is the biggest grift of all time. It’s literally nothing. The underlying code & technology could be good for some things - but as a currency itself is just horse 💩. It’s like inventing C and being like “this is now a money”.

[@TheHeretiCan]

you just described every single fiat money.

[@amg2022]

@ nah. It’s backed by a minimal amount of (actual) things and the ability of a country to produce actual revenue through taxes, which has an intrinsic value.

[@phoneywheeze]

​@@amg2022that's not how the fiat system works. the things are built regardless and taxes are just a method of controlling inflation for the most part. most currencies are designed to go down in value to encourage spending and consumerism. the usp of bitcoin is that it's a public ledger trusted by everyone, and that after a point, it will no longer be mined, making it steady in total supply.

[@amg2022]

@@phoneywheeze taxes are not just a method of controlling inflation. If they were, we’d never have inflation/stagflation. Even though the bros don’t want to believe it - the US government actually owns stuff. Massive swaths of land, mineral rights, and intellectual property. Even if our deficit was 5-10x what it is - there’s an actual thing that could compensate against it. There’s also the world police aspect of it. Bitcoin and the majority of cryptocurrencies have (none) of that backing.

[@phoneywheeze]

@@amg2022 you don't understand how taxes work. there are countries with 0 tax (some only have 0 income tax) that still have valuable currencies. Taxes are used to control the inflation from printing money, it's as simple as that. The inflation is a "feature" to encourage spending and not hoarding. Regarding the asset holding of bitcoin vs US government, you're correct in that the US government holds assets that are valuable. But that's not the USP of bitcoin. Just because a country holds assets, it doesn't mean that the value of it's currency is pegged to it, or in other words the value of USD circulating in the world is not equal or proportional to the net value of asset holding of US government. What bitcoin facilitates it to enable global tranfer of a currency. The underlying value of currency (btc) can be questioned, just like gold. In the past, even other metals like aluminium were extremely valuable. While the value of btc (say $1 or $100k) can change, it's function (making p2p transactions worldwide) doesn't.

[@adamm2716]

right they share the ad rev with you but they also sell your data which kept most of these companies from dying

[@justinwalworth9008]

Digital gold is the easiest way to understand bitcoin. I own a gold ETF as a store of value. I’ve never transacted in gold nor do I ever expect to. But I sell it for more money than I bought it with. I own it as an investment. Same with bitcoin, especially in ETF form. Same for everyone else that owns a gold etf. Imagine buying a share of Berkshire in the 80’s for $100. Today it’s worth $692k. Doesn’t pay a dividend. No utility other than a store of value or investment. But it’s worth $692k and it isn’t supply capped. So how high could a supply capped asset that’s easily investable in? Well, people will likely be making videos about that in 10 yrs.

[@FilkinsRave]

imagine thinking revenue means only what they pay creators. They make far more money off ads than what they pay people.

[@johnjay9885]

This is great analysis @wallstreetmillenial On a video a while back I commented about how one of your videos felt unfairly biased from one side and this video showed me you really do have an independent perspective that’s not afraid to criticize multiple “sides” or political camps. Lots of respect for calling this stuff out even if you catch flack for it. Good work and my apologies for unfairly judging you earlier.

[@johnjay9885]

Good point about fractional shares too. It extends even to real estate also, you could invest $5 in a real estate ETF and it would be much better served there than a 💩 coin

[@TC-cq7oc]

I disagree with the final section. Cryptocurrencies *have* found a real use case - for criminals. Without cryptocurrencies, ransomware would not be possible, because they'd have no way to collect the ransom.

[@adefwebserver]

Great video. I hate that they put out there that Black people are more likely to own crypto as if that is a good thing. I don't know a single crypto millionaire personally.

[@MegaJuniorJones]

Just goes to show, just because you’re rich doesn’t mean you’re intelligent.

[@AKRIDASGAMWEKSOGIINI]

he's very intelligent at selling the crypto utopia dream to less intelligent idealists

[@rogerterry5013]

You have to understand the children’s story The Emperor’s New Cloths’ from 1837. That really is all you need to know. It is also a song by the once famous singer/actor Danny Kay, who starred in 23 films and was a UNICEF ambassador. Worth checking out.

[@Labbfreak]

The most annoying thing to me about Horowitz’s statement is that even if what he says about the internet is true, then the smart solution would be supporting web neutrality and regulation that breaks up monopolies/increases competition to protect consumers and help small businesses succeed. That crypto and especially a random AI coin could be a feasible solution to the concentration of wealth and power in the hands of the few is completely nonsensical.

[@ash5834]

If crypto really cuts out investors and managers and gives money to creators, why would investors back it?

[@alexholker1309]

The holding duration is pretty clear evidence that cryptocurrency isn't being used as a currency. If it was, small accounts would be trading quickly because small users would be buying crypto so they could spend it on a specific purchase, the same way you only buy premium currency in a mobile game when there's something you want to spend it on. Sellers might build up their wallet over time because it's more convenient or cheaper to cash out all at once, but again that wouldn't mean receiving crypto once and holding.

[@Edward-jq2fc]

My investing moto is "Crypto is Crapto".😆

[@TwoShoedDude]

Retina scans reveal a lot more than just identity. The images contain markers for disease and health, as well as sex, age, etc - and AI is capable of diagnosing these surprisingly accurately. Doctors are starting to use retinal images as a diagnostic tool for diabetes and other conditions. Perhaps people might not want to share their retinal scans if they knew they were also giving up this kind of information?

[@ChaiChai-u3u]

Smoke and mirrors with lots of techno babble.

[@3rdrift]

Great video. Unbelievable some of the actions of crypto stakeholders

[@edumacation7567]

respect posting this at ATH. fuck the haters

[@onlybigraffs]

Lol please listen to him and stay away from crypto. Just like blockbuster did from the internet.

[@electrified0]

It's hilarious watching tech bros try and explain how you're somehow going to put social media on the blockchain when they already have to use google drive links to post images since it can't even store a simple image, let alone video.

[@yokothespacewhale]

lol the blockchain is a server now?

[@demaligregg6003]

always has been

[@edbardoe2195]

They contributed equally to both parties, look it up

[@jonr6680]

5:51 self-serving liar, and/or delusional narcissist who thinks he is benefiting society? What a crock!

[@cdo...49283]

MAGA and grifters naturally go together

[@mykhailo7134]

Thanks for debunking crypto scammers

[@BrysonGraham-s5q]

A very good thing cause people are losing a lot…thanks to my coach who I’ve been with since 2023

[@hossdelgado2]

As a black dude, this egalitarian argument has me fuming. Crypto is an extremely risky asset. The last place people should be investing their money when they’ve only got a small sum to invest.